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The representatives have reportedly adopted a friendly approach to working with companies by checking on developments, asking for reports, and in some instances, making follow-up calls. In February, it was revealed that representatives from China’s Liaison Office and other officials have been regular attendees at Hong Kong’s crypto gatherings in recent months.

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Most virtual asset trading platforms currently accessible by the public are not regulated by the SFC and will need to obtain a license to operate if they wish to stay in business.ĭBS wants to facilitate crypto trading in Hong Kong as China expands the BSN to the Middle Eastīlockchain-related activity in Hong Kong has been on the rise over the past year as the region has received behind-the-scenes approval from China to expand its cryptocurrency ecosystem. The rollout of the new regulations is a welcome sight for companies aiming to establish operations in Hong Kong as the SFC has yet to approve any virtual asset trading platform to provide services to retail investors. Those that do not wish to obtain a license are expected to proceed with “an orderly closure of their business in Hong Kong,” the announcement said. The new guidelines for virtual asset trading platform operators, set to go into effect on June 1, spell out the requirements for the safe custody of assets, segregation of client assets, avoidance of conflicts of interest, and cybersecurity standards and requirements expected of licensed trading platforms.Īll operators of virtual asset trading platforms who agree to comply with the terms and conditions of the SFC’s updated standards are now encouraged to apply for an operator's license. This will enable the industry to develop sustainably and support innovation.” Encuentra las mejores ofertas de CD keys de Base One para Steam, Uplay, Origin, PS, y Xbox. “Hong Kong’s comprehensive virtual assets regulatory framework follows the principle of ‘same business, same risks, same rules’ and aims to provide robust investor protection and manage key risks. Compara los precios más baratos para Base One: 15 ofertas de 10 tiendas. “Providing clear regulatory expectations is the key to fostering responsible development,” said Julia Leung, CEO of the SFC. Moving forward, the regulator plans to implement multiple measures designed to help protect investors including ensuring suitability in the onboarding process, good governance, enhanced token due diligence, admission criteria and disclosures.

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The public feedback period for the proposed regulations was originally opened in February, and the SFC received 152 written submissions from industry and professional associations, professional and consultancy firms, market participants, licensed corporations, individuals and other stakeholders.īased on the feedback received, the SFC has modified some of the proposed requirements to help ensure a smooth rollout. (Kitco News) - The Hong Kong Securities and Futures Commission (SFC) has announced that it will begin accepting applications on June 1 for crypto trading platforms looking to serve retail investors.Īccording to a report released on Tuesday that outlined the regulator's consultation conclusions on proposed policy recommendations for virtual asset trading platforms, the public has thus far been open to the proposed requirements, though some have sought further clarification. Receive a comprehensive recap of the day's top stories directly to your inbox. That’s where the Nomad Base One stands out, and if these factors mean a lot to you, they justify this MagSafe charger’s price premium.Get all the essential market news and expert opinions in one place with our daily newsletter. It comes down to user experience - both functionality and aesthetics. Not when Apple’s own MagSafe charger is priced at $39. You can’t make a case for the Nomad Base One based on cost. You won’t get the magnetic connection but wireless charging will work like any Qi charge pad. While this is a MagSafe charger, it can also be used with any devices that support Qi wireless charging. That’s up to 15W (12W on the iPhone 12 mini and iPhone 13 mini). When charging a MagSafe compatible iPhone, the Nomad Base One delivers the maximum charge speed supported by Apple.

The Base One also lacks any physical charge ports. If you’re thinking of repurposing the charger Apple may have included with one of your devices, check its power output first - many are 20W chargers, which won’t work. Nomad will sell you one (at time of writing the $29.95 charger was selling at half off). You get a nice USB-C cable in the box, but not the 30W wall charger. The Nomad Base One makes the same choices. You'll need to buy a 30W USB-C charger separately, or supply your own.